There will be some respite for people being hounded for debt as federal regulators are preparing to significantly strengthen the rules that govern debt collection for the first time in nearly 40 years.

Under proposed regulations, debt collection companies will have to provide fuller documentation of the debt they are trying to collect. They must also make it clear how a consumer can dispute the debt and observe state statutes of limitations that bar them from legally pursuing older debts…

“What does being a Republican have to do with untrustworthiness? At least Republicans are somewhat honest about wanting to screw everyone. Democrats on the other hand tend to be duplicitous, sanctimonious rats who always try to pretend that they’re the good guys who are out to help people–while they’re screwing everyone over. I wouldn’t trust anyone who’s been roped into either party.”

beene

July 29, 2016 11:15 am

What we have to remember is all the work Senator Warren did to create this agency while working in the Obama Administration. The democrat administration were so pleased with Warrens efforts, Warren resigned.